Dogecoin (DOGE)
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Chart: TradingView Lightweight Charts™ · Data: CoinMarketCap
Dogecoin value in USD
Conversions using the latest available price. Excludes fees and the bid-ask spread.
| DOGE amount | Value |
|---|---|
| 0.001 DOGE | $0.0000804 |
| 0.01 DOGE | $0.000804 |
| 0.1 DOGE | $0.00804 |
| 1 DOGE | $0.0804 |
| 10 DOGE | $0.8037 |
| Budget | Estimated amount of DOGE |
|---|---|
| $100.00 | 1,244.23966388 DOGE |
| $500.00 | 6,221.19831939 DOGE |
| $1,000.00 | 12,442.39663877 DOGE |
| $5,000.00 | 62,211.98319386 DOGE |
| $10,000.00 | 124,423.96638772 DOGE |
Dogecoin in brief
Dogecoin (DOGE) is a proof-of-work cryptocurrency created in 2013 as an internet joke and recognised by its Shiba Inu dog logo. It is known for fast blocks and an uncapped but predictable supply.
Official source: dogecoin.com
Safety note: download wallets and apps only from the official site, and beware of unsolicited "support" accounts and fake airdrop sites.
Where does Dogecoin trade against the Turkish lira?
- Binance TR
- BtcTurk
- OKX TR
- Paribu
On this page 7
Dogecoin (DOGE) is a cryptocurrency created in December 2013 by software engineers Billy Markus and Jackson Palmer as a lighthearted jab at the speculation sweeping crypto at the time. Its name and logo come from the Shiba Inu in the popular “Doge” meme. What started as a joke grew, thanks to a large and loyal community, into the first and best-known memecoin, and it remains one of the most actively traded cryptocurrencies.
How does Dogecoin work?
Dogecoin is derived from Litecoin’s codebase and, like Bitcoin, runs on proof-of-work. Miners produce new blocks using the Scrypt algorithm, the same one Litecoin uses. Dogecoin targets a block every minute, compared with Bitcoin’s ten, so transactions confirm faster.
Dogecoin’s software is developed as open source under the name Dogecoin Core. The chain does not support smart contracts, so Dogecoin is a simple payment network rather than an application platform like Ethereum. Classic Dogecoin addresses start with the letter “D”.
Since 2014, Dogecoin has supported merged mining with Litecoin, which lets miners produce LTC and DOGE blocks with the same computing power. Tying Dogecoin’s security to Litecoin’s larger pool of hash power made attacks on the network much harder.
What is Dogecoin used for?
- Tipping and small payments: the community has used DOGE to tip people on social media since its early days.
- Payments: low fees and quick blocks mean some merchants accept DOGE.
- Community causes: in 2014, DOGE donations helped send the Jamaican bobsled team to the Winter Olympics and sponsored a NASCAR car.
- Speculation: a large share of buyers hold DOGE for short-term price moves.
Dogecoin supply: uncapped but fixed-rate
Unlike Bitcoin, Dogecoin has no maximum supply. Since 2015, every block has created 10,000 DOGE, which works out to roughly 5.26 billion new coins a year. Because that amount stays fixed while total supply grows, the inflation rate in percentage terms falls a little every year. The model was chosen so that miners keep earning a block reward and lost coins are gradually replaced.
Key milestones
- 2013: Dogecoin launched.
- 2014: merged mining with Litecoin began.
- 2021: posts by Elon Musk and a wave of social media attention sent DOGE soaring; the Dogecoin Foundation was relaunched the same year.
- Later years: Tesla began accepting DOGE for some merchandise, and Musk’s comments continued to move the price.
What are the risks of Dogecoin?
DOGE’s price is driven far more by social media trends and celebrity comments than by technical progress, so it can rise and fall sharply in a very short time. A significant share of supply sits in a small number of large addresses, and sales by these whales can move the market. The core development team is small and the chain does not support smart contracts, which limits its uses. And an uncapped supply makes DOGE a weaker candidate as a long-term store of value.
How to read DOGE market data
The maximum supply field for DOGE is empty because new coins are issued continuously. Circulating supply rises every minute, but the rate is known and predictable. Volume is a real-time gauge of interest in DOGE, and sudden spikes in volume often coincide with price moves sparked by social media.
Because blocks are so fast, exchanges may ask for more confirmations on DOGE deposits than on Bitcoin, so the time it takes for a transfer to show up in your account varies from platform to platform.
